Japan released the Prelim Machine Tool Orders y/y and M2 Money Stock y/y. The US will publish 10-y Bond Auction, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q and NFIB Small Business Index.
The support rests at 108.430 with resistance at 108.760 which both lines are below the weekly pivot point at 108.910. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
USDJPY is falling down within the descendant channel targeting 108.330.
